EY accused of missing ‘red flag’ in NMC collapse October 14, 2025 Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive fraud to continue and ultimately causing NMC’s financial collapse. The mammoth £2.7bn legal battle between EY and its former clients, a London-listed health giant that collapsed after allegations of fraud, [...]
Littler under new darts management days after going solo October 14, 2025 Luke Littler has become the first player to be managed by Target Darts just days after announcing he’d gone solo. The teenager has catapulted into sporting stardom, and earlier this year won his first World Darts Championship title at Ally Pally. Last week, however, he split from Martin Foulds’ ZXF Sports, whom he’d been with [...]
Satsuma Technology beefs up top team with ex-PlayTech hire October 14, 2025 Satsuma Technology named its new chief financial officer on Tuesday as part of a plan to beef up its top team. The London-listed group – which provides subnet infrastructure and develops specialised AI agents – appointed Andrew Smith as its new finance boss. Smith had served as chief financial officer for FTSE 250 firm Playtech [...]
IMF downgrades UK growth and warns inflation will be highest in G7 October 14, 2025 Inflation in the UK is set to surge above all G7 countries in the next two years while growth per capita will lag behind the average across advanced economies, the International Monetary Fund (IMF) has predicted. In its World Economic Outlook report, the IMF has said that inflation in the UK will remain higher than [...]
Obituary: Ian Barbour, Capital Access Group COO and City gent October 14, 2025 Ian Barbour, who died unexpectedly last week at the age of 60, was a rare example of a true old-school City gent.
Rachel Reeves told to scrap business rates for new profit tax in Budget October 14, 2025 A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
UK economy set for marginal August growth October 14, 2025 The UK economy is expected to have marginally grown in August after a sharp slowdown in activity in the second half of the year. A Bloomberg poll of economists suggests the UK economy is expected to grow by just 0.1 per cent over the one-month period, with a contraction of 0.2 per cent in the [...]
Sony Sports tightening grip on world of data in sport October 14, 2025 “We never like to use the word monopoly, it doesn’t go down well,” the head of Sony Sports, Rufus Hack, tells City AM when asked about his firm’s impressive market share across tech in sport. Sony last week purchased a majority stake in StatSports, the performance-tracking firm which counts Harry Kane among its investors, in [...]
JP Morgan bulks up financial cushion as Dimon warns of uncertainty October 14, 2025 JP Morgan has bulked up its financial cushion against loan losses as chair Jamie Dimon warns of heightened risk and global uncertainty. The lender set aside an additional $810m (£610.2m) to cover potential losses from unpaid loans. This defensive money consisted of $608m earmarked for consumer loans – such as credit cards and mortgages – [...]
‘Exceptional’ M&S chair Archie Norman cleared for three more years in role October 14, 2025 Marks and Spencer’s board has unanimously extended Archie Norman’s tenure as chair in light of his “exceptional” performance over the last nine years. While it is uncommon for chairs to stay longer than nine years, the board of M&S agreed that Norman’s “deep knowledge of the business, drive and unique experience” were invaluable to the [...]